Sunflower Bank hopes to become a bigger player for small business loans in the Kansas City area now that it received preferred lender status from the Small Business Administration.
It's extremely beneficial to be an SBA preferred lender because they see much quicker turnaround for loan applications, especially those worth less than $5 million. To qualify for preferred lender status, the SBA considers a bank's lending record and its proven proficiency in processing and servicing SBA-guaranteed loans.
"Earning…
Sunflower Bank hopes to become a bigger player for small business loans in the Kansas City area now that it received preferred lender status from the Small Business Administration.
It's extremely beneficial to be an SBA preferred lender because they see much quicker turnaround for loan applications, especially those worth less than $5 million. To qualify for preferred lender status, the SBA considers a bank's lending record and its proven proficiency in processing and servicing SBA-guaranteed loans.
"Earning…